Interesting blog posts there on Cheryl's board. Re
Post# of 11899
Posted On: 10/12/2013 1:48:35 PM
Re: Leverage102 #11551
Interesting blog posts there on Cheryl's board.
Remember there was this discussion here a while back, post #11249.
And around the same time, this shareholder update was released, post #11250, wherein
the CEO stated,
So perhaps that speculation that RFMK will essentially become a holding company and MCM could become the marketing arm of a much larger fully inclusive MMJ company with it's own line of vaporizers and accessories is not actually that far off. I hope for the sake of RFMK shareholders that something eventually comes of all the shareholder money spent on working toward corporate goals because after nearly an entire year, not even an audit on a micro cap company with $6,000 in revenues has been completed.
At this point, almost anything but the same old dilutive business as usual with nothing happening would likely be good for shareholders; some sort of reverse merger with another MJ company, bolt-on acquisition, JV, partnership, joint marketing and strategic relationship, anything.
I am of the opinion that RFMK first needs to get through the promises made to shareholders about the audit, 10K, etc, then perhaps move on to new businesses, etc. Shareholders must have transparency and accountability first and foremost, then value accretion. The new flagship product to be launched soon would be nice as well. It's getting kind of ridiculous with this story, at this point, the stock is in the gutter and almost worth as much as another ecig manufacturer I know which is under a global lock. Pathetic. The CEO needs to finally deliver value to shareholders, or, resign.
GLTA
Remember there was this discussion here a while back, post #11249.
And around the same time, this shareholder update was released, post #11250, wherein
the CEO stated,
"...we have made the decision that, in addition to creating our own products, we are going to be aggressive to acquire products from other companies and, in some cases, acquire part of or all of those companies that will be immediately accretive to revenues and profits . Organic growth is one strategy, but adding acquisition targets to the mix, if completed successfully, could show immediate gains in all of the financial key indicators for Rapid Fire Marketing. Raising the authorized share limit will enable us to make acquisitions and purchases that will be immediately beneficial to our bottom line...."
So perhaps that speculation that RFMK will essentially become a holding company and MCM could become the marketing arm of a much larger fully inclusive MMJ company with it's own line of vaporizers and accessories is not actually that far off. I hope for the sake of RFMK shareholders that something eventually comes of all the shareholder money spent on working toward corporate goals because after nearly an entire year, not even an audit on a micro cap company with $6,000 in revenues has been completed.
At this point, almost anything but the same old dilutive business as usual with nothing happening would likely be good for shareholders; some sort of reverse merger with another MJ company, bolt-on acquisition, JV, partnership, joint marketing and strategic relationship, anything.
I am of the opinion that RFMK first needs to get through the promises made to shareholders about the audit, 10K, etc, then perhaps move on to new businesses, etc. Shareholders must have transparency and accountability first and foremost, then value accretion. The new flagship product to be launched soon would be nice as well. It's getting kind of ridiculous with this story, at this point, the stock is in the gutter and almost worth as much as another ecig manufacturer I know which is under a global lock. Pathetic. The CEO needs to finally deliver value to shareholders, or, resign.
GLTA
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